If the Offeror Sells the Subject of the Offer to Another

question 41

Short Answer

If the offeror sells the subject of the offer to another person, the offer is ended by ____________________.

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Definitions:

Excise Tax

A tax levied on the production of a specific product or on the quantity of the product purchased.

Income Tax

A tax levied by governments on individuals' or entities' income, which can vary depending on the amount of income earned.

Regressive Tax

A tax where the tax rate decreases as the taxpayer's income increases, placing a heavier burden on lower-income individuals.

Economy

A system of production, distribution, and consumption of goods and services among individuals and organizations in a society.